With less experienced or just poor planning operators, it isn't uncommon that they spend years distributing all the cash out to the owners, and then the time comes for a multi million dollar refresh to maintain the hotel brand, and no one wants to cough up the money back into the entity.

Does the new partner want to spend six months of the year in two of the units with their family or would they rather it purely be an investment.

So, why is McDonalds still spending billions on advertising?

How much will you spend in repairs on a 1920's house with renters ? 

I mean, obvious right, people can only spend what they have. 

During the 2years we’re spending $ on attorney fees, and I’ve got that “queasy” feeling, especially since it’s questionable whether or not the properties are worth the amount we are owed. 

So when you need to go check on things, rent units, meet contractors, etc, you're jumping in the car for 6 hours, spending 1hr there, and I'm thinking after a full days's work. 

We've started looking into real estate because we want to use our valuable time to invest in our kids as they grow and invest in our local community through volunteering, not spending all of our time working 9-5 for the next 20 years.Our goal with Bigger Pockets for this year is to determine our plan for investing, and then make our first purchase.

Spend some time considering how the repairs will get you a return on investment.

They'll spend a lot of time warning up and getting back into the groove.